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Vinci Concessions, which operates many infrastructure projects around the world, is reportedly looking to acquire rights to operate highways in Vietnam, where the government plans to increase private participation in the sector.

Company executives met with officials from the Ministry of Transport earlier this week to discuss the possibility of buying operational rights to existing projects from the state-owned Vietnam Expressway Corporation (VEC), news website Saigon Times Online reported Thursday, quoting the ministry.

Vinci also hopes to partner with the corporation for new projects, it said.

The French company is the latest foreign investor to express interest in operating highways in Vietnam, but no deal has been struck so far, an unnamed source from the ministry was quoted as saying.